Camino Minerals Total Debt vs. Current Ratio

COR Stock  CAD 0.05  0.01  25.00%   
Based on Camino Minerals' profitability indicators, Camino Minerals may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Camino Minerals' ability to earn profits and add value for shareholders. At this time, Camino Minerals' PTB Ratio is fairly stable compared to the past year. Average Payables is likely to climb to about 849.3 K in 2024, whereas Free Cash Flow Yield is likely to drop (0.16) in 2024.
For Camino Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Camino Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Camino Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Camino Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Camino Minerals over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Camino Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Camino Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Camino Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Camino Minerals Current Ratio vs. Total Debt Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Camino Minerals's current stock value. Our valuation model uses many indicators to compare Camino Minerals value to that of its competitors to determine the firm's financial worth.
Camino Minerals is rated below average in total debt category among its peers. It is rated second in current ratio category among its peers . The ratio of Total Debt to Current Ratio for Camino Minerals is about  111,035 . At this time, Camino Minerals' Current Ratio is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Camino Minerals' earnings, one of the primary drivers of an investment's value.

Camino Total Debt vs. Competition

Camino Minerals is rated below average in total debt category among its peers. Total debt of Materials industry is currently estimated at about 3.74 Million. Camino Minerals holds roughly 108,814 in total debt claiming about 2.91% of all equities under Materials industry.
Total debt  Capitalization  Revenue  Valuation  Workforce

Camino Current Ratio vs. Total Debt

Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.

Camino Minerals

Total Debt

 = 

Bonds

+

Notes

 = 
108.81 K
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Camino Minerals

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
0.98 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Camino Current Ratio Comparison

Camino Minerals is currently under evaluation in current ratio category among its peers.

Camino Minerals Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Camino Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Camino Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Camino Minerals' change in net profit over the period of time. It can combine multiple indicators of Camino Minerals, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income21.4 M16.9 M
Operating Income-2.9 M-2.8 M
Income Before Tax-3.6 M-3.8 M
Total Other Income Expense Net103.3 K108.4 K
Net Loss-3.6 M-3.8 M
Income Tax Expense-38.1 K-36.2 K
Net Loss-3.6 M-3.8 M
Net Loss-5.9 M-5.6 M
Net Interest Income49.8 K52.3 K
Interest Income49.8 K52.3 K
Change To Netincome727.7 K764.1 K
Net Loss(0.02)(0.02)
Income Quality 0.96  1.01 
Net Income Per E B T 1.15  1.06 

Camino Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Camino Minerals. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Camino Minerals position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Camino Minerals' important profitability drivers and their relationship over time.

Use Camino Minerals in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Camino Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Camino Minerals will appreciate offsetting losses from the drop in the long position's value.

Camino Minerals Pair Trading

Camino Minerals Pair Trading Analysis

The ability to find closely correlated positions to Camino Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camino Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Camino Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Camino Minerals to buy it.
The correlation of Camino Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Camino Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Camino Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Camino Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Camino Minerals position

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Artificial Intelligence
Artificial Intelligence Theme
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Additional Tools for Camino Stock Analysis

When running Camino Minerals' price analysis, check to measure Camino Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Camino Minerals is operating at the current time. Most of Camino Minerals' value examination focuses on studying past and present price action to predict the probability of Camino Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camino Minerals' price. Additionally, you may evaluate how the addition of Camino Minerals to your portfolios can decrease your overall portfolio volatility.